Kahn Inc. has a target capital structure of 50% common equity and 505, debt to fund its $12 billion in operating assets. Furthermore, Kahn Inc. has a WACC of 14%, before-tax cost of debt of 10%, and a tax rate of 25%. The company's retained earnings are adequate to provide the common equity portion of its capital budget. Its expected dividend next year (D) is $4, and the current stock price is $28. a. What is the company's expected growth rate? Do not round intermediate calculations. Round your answer to two decimal place. b. In the firm's net income is expected to be $1.7 billion, what portion of its net income is the firm expected to pay out as dividends? Do not count intermediate calculations, Round your answer to two decimal places. (Hint: Refer to Equation below.) Growth rate (1. Payout ratio)ROE